Minimum Wage California 2024 Exempt. The current exempt minimum salary sits at $64,480 per year. In 2023, the minimum salary for exempt employees in california is $64,480.00 per year.
To make things a bit easier, we’ve built the calculator below for employees to check the. This means that any california.
Minimum Wage Hike For California Health Workers Will Cost Billions.
As of january 1, 2024, employees.
This Past July, The Department Of Finance Found That The Inflation Rate Had Increased By 7.9%, Which Required An Increase In The Minimum Wage By 3.5%, Resulting In The $15.50.
This year, california has decided that the minimum wage increase will include an inflation adjustment of 3.5 percent for all employees.
The 1/1/24 Increase Means That As Of January 1, 2024, Exempt Employees Must Earn A Minimum Of.
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The California $18 Minimum Wage Initiative Has Qualified For The Ballot In California As An Initiated State Statute On November 5, 2024.
For 2024 this is $16.00 per hour x 2,080 hours/year x 2 = $66,560.
A Yes Vote Supports Increasing The State.
The minimum exempt salary for california employees, directly affected by the minimum wage increase, will also rise from $64,480 to $66,560.
More Than Half A Million California Health Care Workers Are Expected To.